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Hilton Grand Vacations Inc.（HGV）与Royalty Pharma plc（RPRX）财务数据对比。点击上方公司名可切换其他公司
Hilton Grand Vacations Inc.的季度营收约是Royalty Pharma plc的1.9倍（$1.2B vs $622.0M），Royalty Pharma plc净利率更高（34.4% vs 4.0%，领先30.4%），Royalty Pharma plc同比增速更快（4.8% vs 3.7%），过去两年Hilton Grand Vacations Inc.的营收复合增速更高（7.4% vs 4.6%）
希尔顿度假大酒店公司（Hilton Grand Vacations Inc.）总部位于美国佛罗里达州奥兰多，是一家跨国企业。该公司通过与希尔顿全球的独家授权协议，运营管理希尔顿旗下的分时度假和度假所有权品牌。其原为希尔顿全球的全资子公司，2017年分拆为独立上市公司。
本公司是总部位于美国马萨诸塞州剑桥市的临床阶段生物制药企业，专注于研发可调节转化生长因子β（TGF-β）超家族蛋白的药物，该类蛋白在红细胞、肌肉、骨骼、血管等细胞与组织的生长修复过程中发挥核心作用。
HGV vs RPRX — 直观对比
营收规模更大
HGV
是对方的1.9倍
$622.0M
营收增速更快
RPRX
高出1.0%
3.7%
净利率更高
RPRX
高出30.4%
4.0%
两年增速更快
HGV
近两年复合增速
4.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $622.0M |
| 净利润 | $48.0M | $214.2M |
| 毛利率 | — | — |
| 营业利润率 | 7.8% | 62.4% |
| 净利率 | 4.0% | 34.4% |
| 营收同比 | 3.7% | 4.8% |
| 净利润同比 | 140.0% | 2.9% |
| 每股收益（稀释后） | $0.53 | $0.49 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HGVRPRX
| Q4 25 | $1.2B | $622.0M | ||
| Q3 25 | $1.2B | $609.3M | ||
| Q2 25 | $1.1B | $578.7M | ||
| Q1 25 | $1.0B | $568.2M | ||
| Q4 24 | $1.1B | $593.6M | ||
| Q3 24 | $1.2B | $564.7M | ||
| Q2 24 | $1.1B | $537.3M | ||
| Q1 24 | $1.0B | $568.0M |
净利润HGVRPRX
| Q4 25 | $48.0M | $214.2M | ||
| Q3 25 | $25.0M | $288.2M | ||
| Q2 25 | $25.0M | $30.2M | ||
| Q1 25 | $-17.0M | $238.3M | ||
| Q4 24 | $20.0M | $208.2M | ||
| Q3 24 | $29.0M | $544.0M | ||
| Q2 24 | $2.0M | $102.0M | ||
| Q1 24 | $-4.0M | $4.8M |
营业利润率HGVRPRX
| Q4 25 | 7.8% | 62.4% | ||
| Q3 25 | 3.9% | 70.1% | ||
| Q2 25 | 3.8% | 36.3% | ||
| Q1 25 | -0.6% | 94.0% | ||
| Q4 24 | 4.3% | 60.9% | ||
| Q3 24 | 7.9% | — | ||
| Q2 24 | 0.6% | 50.2% | ||
| Q1 24 | -1.3% | -13.0% |
净利率HGVRPRX
| Q4 25 | 4.0% | 34.4% | ||
| Q3 25 | 2.1% | 47.3% | ||
| Q2 25 | 2.2% | 5.2% | ||
| Q1 25 | -1.7% | 41.9% | ||
| Q4 24 | 1.7% | 35.1% | ||
| Q3 24 | 2.5% | 96.3% | ||
| Q2 24 | 0.2% | 19.0% | ||
| Q1 24 | -0.4% | 0.8% |
每股收益（稀释后）HGVRPRX
| Q4 25 | $0.53 | $0.49 | ||
| Q3 25 | $0.28 | $0.67 | ||
| Q2 25 | $0.25 | $0.07 | ||
| Q1 25 | $-0.17 | $0.55 | ||
| Q4 24 | $0.19 | $0.46 | ||
| Q3 24 | $0.28 | $1.21 | ||
| Q2 24 | $0.02 | $0.23 | ||
| Q1 24 | $-0.04 | $0.01 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $239.0M | $618.7M |
| 总债务越低越好 | $4.5B | $9.0B |
| 股东权益账面价值 | $1.3B | $9.7B |
| 总资产 | $11.5B | $19.6B |
| 负债/权益比越低杠杆越低 | 3.53× | 0.92× |
8季度趋势，按日历期对齐
现金及短期投资HGVRPRX
| Q4 25 | $239.0M | $618.7M | ||
| Q3 25 | $215.0M | $938.9M | ||
| Q2 25 | $269.0M | $631.9M | ||
| Q1 25 | $259.0M | $1.1B | ||
| Q4 24 | $328.0M | $929.0M | ||
| Q3 24 | $297.0M | $950.1M | ||
| Q2 24 | $328.0M | $1.8B | ||
| Q1 24 | $355.0M | $843.0M |
总债务HGVRPRX
| Q4 25 | $4.5B | $9.0B | ||
| Q3 25 | $4.7B | $8.9B | ||
| Q2 25 | $4.6B | $8.0B | ||
| Q1 25 | $4.5B | $7.6B | ||
| Q4 24 | $4.6B | $7.6B | ||
| Q3 24 | $5.0B | $7.6B | ||
| Q2 24 | $4.9B | $7.6B | ||
| Q1 24 | $5.1B | $6.1B |
股东权益HGVRPRX
| Q4 25 | $1.3B | $9.7B | ||
| Q3 25 | $1.4B | $9.6B | ||
| Q2 25 | $1.5B | $9.5B | ||
| Q1 25 | $1.6B | $9.8B | ||
| Q4 24 | $1.8B | $10.3B | ||
| Q3 24 | $1.8B | $10.3B | ||
| Q2 24 | $1.9B | $9.8B | ||
| Q1 24 | $2.0B | $9.9B |
总资产HGVRPRX
| Q4 25 | $11.5B | $19.6B | ||
| Q3 25 | $11.7B | $19.3B | ||
| Q2 25 | $11.7B | $18.3B | ||
| Q1 25 | $11.8B | $17.6B | ||
| Q4 24 | $11.4B | $18.2B | ||
| Q3 24 | $11.2B | $18.0B | ||
| Q2 24 | $11.5B | $17.7B | ||
| Q1 24 | $11.7B | $16.1B |
负债/权益比HGVRPRX
| Q4 25 | 3.53× | 0.92× | ||
| Q3 25 | 3.41× | 0.93× | ||
| Q2 25 | 3.07× | 0.84× | ||
| Q1 25 | 2.83× | 0.78× | ||
| Q4 24 | 2.63× | 0.74× | ||
| Q3 24 | 2.73× | 0.74× | ||
| Q2 24 | 2.55× | 0.78× | ||
| Q1 24 | 2.57× | 0.62× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $167.0M | $827.1M |
| 自由现金流经营现金流 - 资本支出 | $147.0M | — |
| 自由现金流率自由现金流/营收 | 12.3% | — |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 3.48× | 3.86× |
| 过去12个月自由现金流最近4个季度 | $230.0M | — |
8季度趋势，按日历期对齐
经营现金流HGVRPRX
| Q4 25 | $167.0M | $827.1M | ||
| Q3 25 | $34.0M | $702.6M | ||
| Q2 25 | $61.0M | $364.0M | ||
| Q1 25 | $38.0M | $596.1M | ||
| Q4 24 | $105.0M | $742.5M | ||
| Q3 24 | $91.0M | $703.6M | ||
| Q2 24 | $113.0M | $658.2M | ||
| Q1 24 | $0 | $664.6M |
自由现金流HGVRPRX
| Q4 25 | $147.0M | — | ||
| Q3 25 | $13.0M | — | ||
| Q2 25 | $46.0M | — | ||
| Q1 25 | $24.0M | — | ||
| Q4 24 | $90.0M | — | ||
| Q3 24 | $81.0M | — | ||
| Q2 24 | $106.0M | — | ||
| Q1 24 | — | — |
自由现金流率HGVRPRX
| Q4 25 | 12.3% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 4.0% | — | ||
| Q1 25 | 2.4% | — | ||
| Q4 24 | 7.8% | — | ||
| Q3 24 | 6.9% | — | ||
| Q2 24 | 9.6% | — | ||
| Q1 24 | — | — |
资本支出强度HGVRPRX
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.8% | — | ||
| Q2 25 | 1.3% | — | ||
| Q1 25 | 1.4% | — | ||
| Q4 24 | 1.3% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | 1.0% | — |
现金转化率HGVRPRX
| Q4 25 | 3.48× | 3.86× | ||
| Q3 25 | 1.36× | 2.44× | ||
| Q2 25 | 2.44× | 12.06× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | 5.25× | 3.57× | ||
| Q3 24 | 3.14× | 1.29× | ||
| Q2 24 | 56.50× | 6.45× | ||
| Q1 24 | — | 139.10× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HGV
| Sales Of Vacation Ownership Intervals Net | $492.0M | 41% |
| Fee For Services Commissions Package Sales And Other Fees | $169.0M | 14% |
| Cost Reimbursements | $141.0M | 12% |
| Resort Management | $118.0M | 10% |
| Other | $116.0M | 10% |
| Club Management | $101.0M | 8% |
| Related Party | $42.0M | 4% |
| Ancillary Services | $13.0M | 1% |
RPRX
| Financial Royalty Assets | $592.4M | 95% |
| Royalty Income Other | $29.6M | 5% |
